“ACQUISITION OF SHAMROCK HANDLING CONCEPTS (PTY) LIMITED.”
Dear Valued Stakeholder
The Capital Equipment Group (CEG) of INVICTA HOLDINGS LIMITED, is pleased to advise of the acquisition of Shamrock Handling Concepts (Pty) Limited, effective 2 January 2018.
Shamrock Handling Concepts was established in 1994 and is headed up by Marius Schutte. Shamrock is the sole distributor of Moffett truck mounted forklifts, and its product offering includes other prominent brands, such as Combilift, Innolift, Agrimac all-terrain forklifts and Multisweep sweepers.
Under the continued leadership of Marius Schutte, Shamrock Handling Concepts will report into Criterion Equipment (Pty) Limited from an operational and financial reporting perspective. Criterion Equipment is a well-established supplier of TCM forklift trucks in South Africa, and has been a wholly owned subsidiary of INVICTA HOLDINGS LIMITED since June 2009. Criterion Equipment has a fully-fledged network comprising 7 branches, and 12 active sub-dealers throughout South Africa and surrounding cross-border countries.
Criterion Equipment’s existing customer base and product offering, complimented by Shamrock’s customer base, product offering and expertise, places the Capital Equipment Group (CEG) as a formidable player in the materials handling space. Whilst continuing to operate as separate legal entities, where sensical, the companies will leverage off each-others’ capacity and strengths, ultimately enhancing overall customer experience.
The management teams of both companies, would like to thank all their valued customers and suppliers for their continued support. A seamless transition is anticipated, with great strides having been made in this regard already.
M J Schutte
Divisional Managing Director – Shamrock
Handling Concepts (Pty) Limited
B B Kemp
Divisional Managing Director Criterion
Equipment (Pty) Limited